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Quote of the day

If I die tomorrow, I’ll die having been the manager of Hearts and there’s not many people can say that.’

John McGlynn

. . . or would ever want to, John, in the case of the entire population of Leith, and my good friend Fred in Sydney.

Meanwhile, good luck to your boss with the share issue. I’m not a Hearts supporter, but I’d probably shove a tenner in a collection box if I was asked. However I am an investor and I know a dodgy prospectus when I see one. As I understand it fans are being invited to stump up £1.75m, for ten per cent of the shares. This prices at £17.5m a company whose debts, which include significant amounts to the remorseless HMRC, are massively greater than the true value of its assets, and thus is actually worth **** all. Rangers, debt-free, only cost £5.5m, to include Ibrox and the training ground.

Appealing to supporter loyalty is one thing, but selling them worthless pieces of paper for a seven figure sum is quite another. Isn’t it?

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